New $25M fund feeds Portland’s real estate crowdfunding cluster

Jon Bell
Staff Reporter- Portland Business Journal
Full Article Link

A Portland real estate lender and fund manager has kicked up its crowdfunding marketplace with the announcement of a new $25 million fund.

Fairway America, which focuses on small balance real estate pooled investment funds, announced the launch of Silverado Income Fund I LLC’s $25M fund on its crowdfunding marketplace, According to a company release, Silverado’s fund listing will help generate exposure to accredited investors looking for opportunities in SBRE pooled investment funds.

“Fairway’s complete end-to-end platform is a perfect fit for us to make sure we have a quality structure, proper administration and fantastic exposure on the crowdfunding site,” said David Scott, the sole member of Tea Olive Enterprises LLC, the principal manager of Silverado. “Fairway’s fund also made an investment in our fund, which made it even nicer.”

Fairway’s recently launched platform lets accredited investors network with other investors through a private forum, find educational content and review and select investment opportunities presented by fund managers inside the marketplace.

“This isn’t your typical crowdfunding platform,” said Matt Burk, CEO of Fairway America. “The site not only helps our clients gain more exposure to investors, but we also provide expertise in fund structure, administration and management to help ensure that the funds listed on the site are well positioned to raise capital effectively.”

Based in Portland, Silverado focuses on originating mortgage loans to developers and investors for the acquisition, construction and rehabilitation of non-owner occupied residential and multifamily properties in the Pacific Northwest.

The announcement comes just a few weeks after Fairway announced it was committing $1 million to Colonial Capital Management’s $100 million Colonial Impact Fund-II, which is also listed on Fairway’s crowdfunding site.

Portland is also home to real estate crowdfunding platform CrowdStreet.